HFG is representing a large London Market Insurer to find a Head of Regulatory Reporting for a newly created and exciting opportunity to lead and develop a high performing Regulatory Reporting function. Following a significant finance transformation programme, the entire finance team is looking to embed the redesign and cement in place the positive changes whilst maintaining the BAU reporting environment.
In this role you will oversee a team delivering regulatory and Solvency II reporting globally for the managed syndicates and other insurance entities regulated by Lloyd's and other European and US regulators. You will also play a key role in the development and transition of the evolving finance organisation structure to support modernisation and delivery of the Groups Finance vision and strategy.
Responsible for timely and accurate regulatory reporting (SII Pillar 3, QMA/B, QSR, TPDs, Trust funds, SFCR, RSR) to authorities including Lloyd's, MAS, US/European regulators, at entity and group level as relevant.
Lead the oversight, review and challenge of reported numbers and outputs to provide assurance and ensure trends and insights are appropriately articulated.
Ensure applicable regulatory reporting requirements, policies and standards are adhered to and group policies are consistently applied across legal entities globally.
Maintain an up to date understanding of regulatory reporting and accounting requirements to proactively drive the development and implementation of relevant changes to their processes.
Own and manage the external audit relationship for regulatory reporting processes ensuring that all the information required is produced and the audits are completed on time.
Lead, motivate and develop team capabilities to build a high-performing empowered function with a culture of service delivery and a focus on well-being, inclusion and diversity.
Identify, implement and monitor controls as required for timely and accurate regulatory reporting outputs and to enhance efficiency and standardisation of our processes.
Drive and lead continuous improvement in effectiveness of existing processes and control framework.
Engage with Risk Management to ensure the team's compliance with the group's risk management policies and within the group's risk appetite.
To be considered for this role you must have a thorough understanding of the Lloyd's regulatory environment as well as having helped deliver finance process improvements. You will need to be a qualified accountant (ACA, ACCA, CIMA) with strong man management skills and ideally a sound knowledge of Solvency II.